I would recommend the removal of this -
O4 - HKLM\..\Run: [P2P Networking] C:\WINDOWS\System32\P2P Networking\P2P Networking.exe /AUTOSTART
Check out this site for safer p2p programshttp://www.spywareinfoforum.com/articles/p2p/

The following activeX controls will reinstall when(and if) you revisit that website, UNLESS you know they are from a safe source, check to remove.

Warez is a spyware-free file-sharing program. Search for and download your favorite music and video files shared by other users on a free peer-to-peer network. Warez' advanced queuing system and multisource swarmed downloads allow you to get what you want in the shortest amount of time. Warez can enhance your file-sharing experience, thanks to its built-in audio/video player with full playlist support.

Click to expand...

The disclaimer link on the site does not work and it has not got privacy policy link.

I notice it is 'spyware free' that does not mean that it is adware free, and without the privacy policy I would not advise it.

Spywareblaster & Spywareguard, first sets kill bits to stop known bad activeX controls installing, second acts like your AV to stop browser hijacks and installing of known badies.

Also ie-spyad (Link on my site), puts 4000 bad sites in your restricted (banned) sites list, to stop you accidentaly getting sent to a bad site, it has optional list of "bad" adult sites to install as well.

All those with links from my site. Do remember just like Anti-Virus they need to be updated regularly, I do mine weekly, Anti-Virus hourly.

With these and a firewall in place I have to try various bad sites when checking peoples hijackthis logs looking to sort bad from good, and I have not yet been infected. Still time for it to happen LOL.